Yesterday, FRONTKN rose 3.0 sen (+1.60%) to end at RM1.90.
Chart-wise, the share has been on a steady uptrend since the beginning of this year, which sees it currently trading above its 50 and 100-day SMAs.
With its momentum indicators remaining comfortably in the neutral region, we believe that the share may continue trending upwards.
From here, expect the share to trend higher to test resistances at RM1.98 (R1) and RM2.15 (R2).
Conversely, support levels can be found at RM1.70 (S1) and RM1.45 (S2).
GDB (Not Rated)
GDB gained 3.0 sen (+6.38%) to close at RM0.500 yesterday.
Chart-wise, we note that the share has been on a rally since Nov’19. Coupled with a bullish MACD crossover and robust trading volumes, we believe that the bullish momentum may persist.
Look out for resistance levels at RM0.545 (R1), where a break above would see the share head higher towards RM0.580 (R2).
On the other hand, downside supports can be identified at RM0.400 (S1) and RM0.370 (S2)
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